Square is a credit card app for both iPhone & Android devices. 9 Days ago, I wrote about Restaurants that don’t accept credit cards, and how frustrating that is for customers. I also talked about how there isn’t really a good reason not to when companies like Square exist.
To see if I was being fair, 6 days ago, I decided to put myself through the same process I was asking these business owners. I downloaded the Square App for my Android tablet, and applied for their service. I also wrote a Square Sign Up Review detailing the process. Yesterday, I received the card reader, and made the above video review.
Square Review Verdict
After this week long experiment, I’ve come to this conclusion: Square makes it insanely simple and affordable for any business to accept credit cards. I stand by my original claims, and don’t believe there is a good reason for a business to send their customers to ATMs any longer.
I’m thoroughly pleased, so far, with the service Square provides, and I believe it will be an excellent option for small businesses everywhere to offer the conveniences that some of their bigger competitors have had. This should certainly help level the customer experience playing field!
Square: Waiting For Deposit
I ran my transaction after Square’s funding cut-off deadlines, so I believe I will receive my funding (a whole $4.00 less 2.75%) on Friday, but if I get it before then I’ll try to follow up and answer any questions you might have. Steve had a couple of excellent questions that I look forward to getting the answers to in the next few days.
Square: Deposit Update
It is only the day after I processed the transaction in the video above, and I’ve received my deposit from Square in the amount of $3.89. So, this answers two of Steve’s questions:
- I assumed this was the case, but now we know for sure: Square deducts the fee before depositing.
- Deposits happen quickly. I ran the transaction about 14 hours ago, and received deposit!
About Wealth Artisan
Thanks Timothy. Great followup and I am truly surprised at the promptness of the deposit, although I did expect fees to be taken before deposit. Makes for a much cleaner transaction.
I would have to agree, I see no reason to not utilize this app, especially for those small business owners who could increase their business by accepting cards. Sometimes when my lawn guy comes, I don’t have the cash on me to pay him, so I either have to run to the bank or catch him next time-which I hate to do, because I don’t always know when he is coming.
Thanks for the followup.
Steve
Hi Steve,
It’s no problem at all. I’m glad I was able to get definitive answers for you
. It was really neat putting myself into the seat of the people I was critiquing to see if I was being unfair. I may need to do this going forward. No promises though, as some of my suggestions can be expensive, LOL!
Thanks for stopping in and following along on this journey with me!
Thanks,
Timothy
Thanks for the great info!
I never heard of Square before, but it seems like a sweet deal!
Now if I could just get my favorite local mom and pop restaurant to use the service!
Hi Don!
I know! I’m glad that I did this, but at the same time, I will cringe when someone doesn’t accept cards because I now know how easy it is. I might just start sending those business owners to this post to make things easier, LOL. Thanks for dropping by!
Thanks,
Timothy
Great informative, instructional, and entertaining video. With the afford-ability and convenience of this device, any business that deals with the public should have one, if they do not wish to go use the standardized system. It may be that it is so new and not many have heard of it. Or business owners choose to hide money throw their cash flow business.
OOPS excuse my typo’s please.
Hey Karen,
Thanks for stopping in, and no worries at all!
I’m glad you liked the video. I agree, it is super affordable and it opens credit card acceptance up to any business! I agree, it is most likely the business owners not knowing about these options that leaves them in their current situation. Thanks for stopping in, it’s always nice hearing from you.
Thanks,
Timothy